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How to pull comps like an appraiser
The right comps make all the difference. How do appraisers pull comps? I scraped the surface of this topic a few days ago in a class I taught, and I wanted to unpack it a bit further today. There is...
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What you need to know about Fannie Mae’s Collateral Underwriter
Have you heard of Fannie Mae’s Collateral Underwriter yet? It’s coming in a matter of days on January 26, and it’s been called an “appraisal time bomb” by some, while others say it’s no biggie. Today I...
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How do you value an attached unit when there are no recent sales?
I get quite a few calls from the real estate community about pricing attached units. The conversation tends to go like this: Agent: Ryan, I’m working on pricing a halfplex, and it’s not easy. Me: I...
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How do appraisers come up with value adjustments for a busy street?
We all know most buyers are going to pay less for a home on a busy street. But how much less? Is it really only something minimal like $5,000 or $10,000, or is it much more substantial? Knowing how to...
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Choosing comps when there is a gated community
I had a real estate agent ask a fantastic question recently about choosing comps when there is a gated neighborhood. Here’s the issue: If the subject property is NOT located in a gated community, can...
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